Central Bank of Bahrain Grants First Stablecoin License to AX Coin

The Central Bank of Bahrain issued the first stablecoin issuer license to AX Coin, a digital asset backed by AXG, on Wednesday, June 3, 2026. This regulatory approval allows the company to operate as a licensed stablecoin provider within the jurisdiction of Bahrain.

The Central Bank of Bahrain granted the license following its established regulatory framework for digital assets. This authorization permits AX Coin to function under the oversight of the national banking authority, marking the first time the regulator has extended such a license to a stablecoin issuer. The company maintains the asset’s value through its backing by AXG, which serves as the underlying collateral for the coin.

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Source: GO-AI-ne1

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Date: June 3, 2026

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GOAI